Deutsche’s ruling tribe

Never underestimate the tribal powers that rule investment banks. The stand-off between Deutsche Bank’s global markets division and Dresdner Kleinwort Benson – threatened with integration – is a case in point. Edson Mitchell, Deutsche’s head of global markets, was hailed by his chairman Rolf Breuer last year as an Indian chief. By clever use of animal magnetism and the bonus pool, he inspires a Fierce loyalty among his warriors.

So Fierce that he can set the terms of the threatened integration with DKB.